Weiwei issued an announcement on the evening of the 21st that, in order to expand the domestic market, the company and all the shareholders of Pinshang Lighting signed the “Equity Transfer Agreement” on May 19, agreeing to transfer 100% equity of the lighting products by cash and negotiate the subject’s The pre-assessed value of assets is approximately RMB 123 million.

As a leader in the field of commercial lighting in China, the lighting on products has always attracted the attention of the industry. It was established in 2004 in Zhongshan City, Guangdong Province. With more than ten years of experience in the domestic lighting market, it has established a relatively perfect market layout and distributors. The network has a certain influence in the industry. It integrates production, research and development, and sales. The products include commercial lighting, LED lighting, building electrical, outdoor lighting, and light source electrical appliances. As of March 31, 2014, the pre-assessed value of the underlying assets was 122.5 million yuan. Wei Wei shares that after the completion of the acquisition, the future of lighting on the product will be Wei Wei shares of the company's wholly-owned subsidiaries and major sub-brands.

“Welcome to 娶” products lighting up Wei Wei shares will icing on the cake According to statistics, Wei Wei shares are in a period of rapid growth. The annual report shows that Wei Wei’s 2013 revenue was 641 million yuan, an increase of 41.22% year-on-year, and a net profit of 20.99 million yuan. The year-on-year increase of 246.42%. As of the first quarter of 2014, the company achieved a net profit of 13.5457 million yuan, which was more than half of last year's net profit. In 2014, Wei Wei shares have been seeking to expand LED development space. The company had previously set up an aeronautical science and technology company with the China Civil Aviation Academy Technology Development Co., Ltd. in a bid to enter the LED business in the civil aviation sector. However, due to the high threshold in the domestic field and the strict technical standards, the aviation technology company has not achieved any revenue after more than one year of operation. In order to prevent losses from affecting the results, the company transferred a 75% stake in Aviation Technology Co., Ltd. on May 12th. Industry insiders believe that the transfer of aviation science and technology companies shows that the company is facing challenges in expanding new areas of LED business.

In order to successfully realize the desire to expand the LED business, Hao Wei shares frequently contact with the product lighting, and finally successfully "welcome" the product on the lighting, Wei Wei shares that the acquisition of lighting on the goods, is the implementation of the company's strategy to open up the domestic market an important part. Through this acquisition, the company will rapidly enter the domestic lighting market with huge market capacity. The sales scale of the company's domestic market will increase rapidly, which will, to some extent, reduce the risk of the company's overseas market accounting for excessively high proportions. At the same time, due to the company's superior advantages in R&D, product quality, talents, and other aspects, the company has a strong synergy with the lighting on the products, and the company's profitability will continue to increase. As the company's wholly-owned subsidiary and major sub-brand, Future Lighting will accelerate the development speed after the listed companies continue to invest in advantageous resources. The company is committed to making the lighting of products the first-class brand in the field of domestic commercial lighting.

Liu Jun, director of Guangdong Guangya Lighting Research Institute, said that Hao Wei’s acquisition of lighting on this piece of the game is just a good opportunity for the pure LED companies of Hao Wei shares, before Hongli Optoelectronics and Diligence. Optoelectronics, rectangular lighting, and Mulinsen Optoelectronics all made some changes in the lighting of the products, but eventually they did not come to an end. The successful alliance of Wei Wei shares with the product lighting is equal to even more powerful, will achieve a new leap-forward development.

LED integration hot tide hit "marriage" or into the industry normal state It is reported that in the Wei Wei shares of mergers and acquisitions lighting is not a case, the LED industry mergers and acquisitions continue to intensify, the previous day, Feile Audio announced plans to 1.85 billion acquisition of LED engineering companies - — 100% equity of Beijing Shenan Investment Group Co., Ltd. The company stated that after the completion of the transaction, Feile Audio was able to integrate Shen'an Group's seven production and sales application bases in various parts of the country, thereby significantly increasing the company's product coverage, and by leveraging Shen'an Group's extensive customer base in LED lighting applications and lighting projects. Resources and good reputation are realized in the rapid development of the LED lighting application and lighting engineering sector, rapidly increasing market share and enhancing the overall competitiveness of the company.

Statistics show that since the beginning of this year, there have been several cases of mergers and acquisitions in the LED industry. For example, Guangdong Media acquired 450,000 million yuan in outdoor LED operator Shanghai Xiangli Li Advertising Media Co., Ltd. 17.46,472% of shares, and Zhongjing Electronics 286 million yuan in acquisition of LED companies Founder 100% equity, Crystal Optoelectronics 14.38 million acquisition of 20% stake in Taiwan Jia Electronics, Demp Technology 50 million yuan acquisition of 30% equity in Youyang Technology LED business. Industry insiders expect that the consolidation trend of M&A in the future industry is expected to continue.